Analog Devices Inc. (NASDAQ:ADI), Intrexon Corp. (NYSE:XON) and Dynegy Inc. (NYSE:DYN) are making big gains this Monday. BioDelivery Sciences International Inc. (NASDAQ:BDSI), Organovo Holdings Inc. (NYSEMKT:ONVO) and Transocean Partners LLC (NYSE:RIGP) are posting losses.
Analog Devices Rallies on Analyst Upgrade
[drizzle]Analog Devices jumped +9.23% today after Barclays analysts upgraded their rating on the stock to overweight from equal weight and upped its price target to $70 from $55. Ray Dalio’s Bridgewater Associates has a small stake in the firm.
Intrexon Corp. rallied +8.95% after news broke that the company has entered into a strategic collaboration and licensing agreement with Merck Serono. With 2.9 million XON shares in his portfolio as of the end of the fourth quarter, Dan Loeb will get a boost off of this one.
Dynegy Inc. gained +8.02% today. Late last week, it received authorization to acquire the ownership interests in certain Ohio, Illinois and Pennsylvania commercial generation assets and retail business from Duke Energy and EquiPower Resources Corp. and Brayton Point Holdings LLC from Energy Capital Partners. As of his latest 13F filing, Marc Lasry owns 2.62 million DYN shares.
BioDelivery Sciences Plunges on Trial Results Miss
BioDelivery Sciences International plunged -25.41% this Monday after reporting disappointing trial results on one of its experimental pain treatments. Despite today’s dip, the stock – a Julian Robertson pick – is still up +30% over the past year.
Organovo Holdings fell -8.33% and is down more than -50% in 2015. Chase Coleman’s Tiger Global has taken a hit on this one.
Transocean Partners dipped -6.57% today and has declined -47% since spinning from Transocean last year. Leon Cooperman owns 1.17 million RIGP shares.